HDFC Bank hits new high; surpasses TCS in market cap ranking

HDFC Bank with market-cap of Rs 473,944 crore was number two position in overall ranking ahead of TCS which have market-cap of Rs 470,934 crore at 10:24 AM.

HDFC Bank hit a new high of Rs 1,840 on BSE on Tuesday in intra-day trade, surpassing information technology (IT) giant Tata Consultancy Services (TCS) in market capitalisation (market-cap) ranking.

HDFC Bank with market-cap of Rs 473,944 crore came in at number two position in overall ranking ahead of TCS which had market-cap of Rs 470,934 crore at 10:24 am; the BSE data showed.

Earlier, on November 11, 2016 HDFC Bank had surpassed refinery major Reliance Industries (RIL) to become second most valuable company in terms of market-cap on the closing level basis.

Currently, RIL is at number one